Here is the cheapest home loan in the country, know the interest rates of 11 banks including SBI
Lowest Home Loan Interest Rates: The repo rate was drastically cut by the RBI. Since then, the highest home loan interest rates have been cut. Many banks have reduced their home loan interest rates to less than 7 percent.
new Delhi. Many people take home loan help to buy a house. If you are also thinking of taking a home loan, you will definitely see the interest rate. In this falling interest rate regime, almost all banks including State Bank of India (SBI) and HDFC Ltd (HDFC Ltd) have cut their home loan rates. The rates of some banks have come down to less than 7 percent, which can prove to be a great opportunity for those taking home loans. Let us know which banks are from where a home loan can be taken at an interest rate of less than 7 percent per annum.
Also Read: HDFC Bank gives blow to customers, fires scissors at FD interest rate
This bank is offering the cheapest home loan
UBI has reduced its home loan interest rate by 6.7 percent. UBI’s home loan interest rate is linked to EBLR. Keep in mind that at this low interest rate, home loans will be available only to those customers whose CIBIL score is more than 700. Women working in UBI only, whose CIBIL score is more than 700, will get a home loan at 6.70 percent. A male working in a bank will get a home loan at 6.75 percent. Apart from this, non-celeried will also get a home loan at the rate of 6.90 percent.
Lowest interest rate is available on home loans in these banks…
Bank of Baroda- 6.85%
Bank of India- 6.85%
Central Bank- 6.85%
Canara Bank- 6.90%
Punjab & Sind Bank- 6.90%
UCO Bank- 6.90%
HDFC Limited- 6.90%
HDFC Bank- 6.95%
SBI- 6.95%
ICICI Bank – 6.95 percent
Punjab National Bank – Keep these things in mind while taking 7 percent
loan
When taking a home loan, one should not only pay attention to the low interest rate. Apart from the interest rate, you also have to check the credibility of the lenders and other charges, which may vary from bank to bank. Risk premium also changes with the change in credit score. So, if you have taken a home loan, then carelessness like delay in payment of credit card can increase the burden of home loan EMI on you. Therefore, keep checking your credit score quarterly.
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